AMC Enters Agreement With Goldman to Sell Up to 50 Million Shares
AMC Entertainment Holdings Inc. has entered into a sales and registration agreement with Goldman Sachs Group Inc. for up to 50 million shares of Class A common stock. The proceeds from the sale will be used to strengthen the company's balance sheet and reinvest in its core business to elevate and differentiate the movie-going experience under the AMC GO Plan. AMC shares are down 7.9% in premarket trades. This agreement follows a previous $250 million stock sale earlier this year in the wake of the meme-stock rally.